Napster cuts music plan in bid to beat iTunes
Napster.com has cut the price of its online music streaming service to US$5 a month from $12.95, and threw in five song downloads for customers in a move to better compete with rival iTunes.
The Los Angeles-based company gained notoriety in the early years of music downloading with its free browser-style music swapping service, but following copyright lawsuits emerged as a subscription-based service.
It has struggled to grow its user base from over 700,000 last August, and compete with music retailers like Apple's iTunes store. It was acquired by Best Buy in October for about $122 million in cash.
